Eye On Housing
Author Archives
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Top Posts of 2015: Different Buyer Preferences? New vs. Existing Homes
With the end of 2015 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In August, we published survey data that contrasted preferences between newly and existing home buyers. ———————————————————— If you have ever wondered what drives a home buyer to select a particular home look no further. The American Housing Survey provides insight into… Read More ›
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Different Buyer Preferences? New vs. Existing Homes
If you have ever wondered what drives a home buyer to select a particular home look no further. The American Housing Survey provides insight into the home buying process. The top two reasons for choosing a home were its size (cited by 76 percent of buyers) and room layout/design (74 percent). The house’s price and the neighborhood were each cited… Read More ›
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Who Bought New Homes? 2011-2012 Data
According to the Census’s Bureau’s American Housing Survey, 13.7 million people purchased a home in the two years prior to 2013, twice as many as did in the two years prior to 2011. Eleven percent of the homes were new homes and 43 percent of the buyers were purchasing their first home. Given recent market changes, new home buyers are… Read More ›
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Residential Remodelers Account for 22% of NAHB Builder Membership
According to NAHB’s 2014 membership census, 22 percent of NAHB’s builder members are residential remodelers. The share of members reporting residential remodeling as their primary activity peaked in 2011 and has been steadily declining over the past three years. In 2011, 28 percent of NAHB’s builder members were residential remodelers, compared to 26 percent in 2012, 24 percent in 2013,… Read More ›
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Benefits of Hiring a Professional Remodeler
It is National Home Remodeling month and NAHB wants to emphasize the benefits of hiring a professional remodeler. There are two aspects to this: 1) hiring a contractor rather than attempting a project yourself, 2) hiring a contractor who is a well-qualified professional remodeler, such as members of NAHB Remodelers or those who have earned one of NAHB’s Professional Designations…. Read More ›
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The Essential Subcontractor
Subcontractors are an often over looked but essential part of the home building industry. Many outside the industry do not understand how large a part subcontractors have in the construction of a home. Home builders, as well as remodelers, typically subcontract a large portion of their construction work out to trade contractors who can more efficiently deliver individual pieces of… Read More ›
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Cost of Constructing a Single-family Home in 2013
NAHB recently published the latest construction cost survey. The survey shows that the average home was built on 14,359 square feet of land, had 2,607 square feet of finished area, and sold for $399,532. The average share of the home’s sales price which goes to the construction costs jumped from 59 percent in both 2009 and 2011 to 62 percent… Read More ›
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Who Are NAHB’s Associate Members?
Every year NAHB conducts a member census in order to better understand the composition and characteristics of the people who belong to its organization. In 2012, two-thirds of NAHB’s members were associate members—those indirectly involved in home building. The remaining third were builder members—those directly involved in home building. Last month we gave readers an in-depth look at NAHB’s builder… Read More ›
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Who are NAHB’s Builder Members?
Every year NAHB conducts a member census in order to better understand the composition and characteristics of the people who belong to its organization. In 2012, a third of NAHB’s members were builder members—those directly involved in home building. The remaining two thirds were associate members—those indirectly involved in home building. Of the 40,632 builder members, over half (58 percent)… Read More ›
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55+ HMI Index Soars in 2nd Quarter
All components of NAHB’s 55+ Housing Market Index showed major growth in the 2nd Quarter of 2013. Compared to the 2nd Quarter of 2012, both the single-family and the multifamily indices jumped 24 points: the single-family from 29 to 54 points, and the multifamily from 19 to 43 points. Both indices are comprised of several components and all of the… Read More ›